Financial Director
6 days ago
Job Summary:
This is a challenging and rewarding role for a highly qualified individual to lead the financial operations of Laurel Heights Hospital.
Responsibilities:
- Cash Flow Management: The successful candidate will monitor and control accounts receivables, ensuring cash collection goals are met and net revenue is accurately stated.
- Profitability Improvement: The Financial Director will continually monitor costs, particularly staffing in relation to patient volume, and negotiate contract terms with third-party payers to maximize reimbursement.
- Policies and Procedures: The successful candidate will develop and implement policies and procedures in line with generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow and reduced hospital operating costs.
- Financial Reporting: The Financial Director will prepare monthly financial statements, financial packages, and other reports to accurately reflect the hospital's operating results.
- Reporting and Compliance: The successful candidate will provide reconciliations, account analyses, and other information to support the Reimbursement Department, Tax Department, and Auditors.
- Budgeting: The Financial Director will prepare the annual budget in conjunction with UHS standards, taking into account prior financial results and anticipated changes.
Requirements:
- A minimum of 5 years of experience in a financial leadership role within a healthcare setting.
- A bachelor's degree is required, with a master's degree preferred.
- A working knowledge of hospital financial operations, federal and local tax regulations, and business office, accounting, payroll, and administrative office operations.
- Strong analytical and problem-solving skills, with the ability to interpret financial data and prepare reports.
- 2% travel is required for this role.
What We Offer:
- A challenging and rewarding work environment.
- Opportunities for growth and development within UHS and its subsidiaries.
- Competitive compensation and benefits package, including medical, dental, vision, and prescription drug plans, 401(k) with company match, and generous paid time off.
- Relocation benefits and a bonus opportunity.
- The chance to work with a dynamic and experienced team, contributing to the success of Laurel Heights Hospital.
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